Category: Energy

Energy, Industries

Oil prices move higher as Venezuela supply crisis intensifies

June 6, 2018

Via: Market Watch

Oil prices moved a leg higher on Wednesday, extending the prior day’s gains after reports Venezuela may not deliver some of its contracted crude oil exports amid political upheaval. Production and exports in Venezuela have recently been hit hard by […]

Energy, Industries

Higher oil prices are taking a toll on airline profits

June 4, 2018

Via: CNN

Airline profits are set to take a hit from the rise in oil prices and other increasing costs this year. The International Air Transport Association, a global industry group, has slashed its forecast for total profits for the global airline […]

Energy, Industries

US record oil exports bite into Russia, OPEC market share in Asia

May 29, 2018


Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of the Petroleum Exporting Countries […]

Energy, Industries

Oil is getting whacked after report says OPEC might boost production

May 25, 2018

Via: Business Insider

Oil dropped more than 2% early Friday after reports suggested OPEC and other supply-cutting countries led by Russia could begin easing output caps. West Texas Intermediate was down 2.19% to $69.12 per barrel at 8:15 a.m. ET. Brent, the international […]

Energy, Industries

Oil may be headed to $80 next, says drilling pioneer Harold Hamm

May 23, 2018


Oil prices still have room to run after rallying to 3½-year highs, drilling pioneer Harold Hamm said Wednesday. The Continental Resources chairman and CEO said benchmark U.S. crude prices could still rise by about $10 from current levels near $72 […]

Energy, Industries

OPEC not rushing to boost production rates as oil hits $80 a barrel

May 17, 2018


OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent hitting $80 a barrel on Thursday. The cartel sees the price spike as only a short-term rally driven […]

Energy, Finance Tech, Industries, Trading

Wall Street is back on the oil bandwagon

May 10, 2018

Via: CNN

Crude oil climbed to its highest price since 2014 after President Trump vowed to pull out of the Iran nuclear deal. Iran is the world’s fifth-largest oil producer, and American sanctions will choke off some of that supply. The price […]

Energy, Finance Tech, Industries, Trading

Here are the hottest U.S. oil stocks of 2018

May 9, 2018

Via: Market Watch

Oil is now trading at over $70 a barrel, pushing up shares of energy companies. A look at total returns for shares of large oil companies highlights a pattern that may make it easier to make money in the sector. […]

Energy, Industries

Markets Right Now: Energy stocks lead early gains

May 7, 2018

Via: ABC News

Energy stocks are leading U.S. indexes higher in early trading as the price of crude oil climbs. Exxon Mobil added 1.2 percent early Monday, and Schlumberger rose 1.2 percent. The gains came as the price of U.S. crude oil traded […]

Energy, Industries, News

Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High

April 20, 2018

Via: The New York Times

President Trump railed against the OPEC oil cartel on Friday, declaring that the group of oil producers had “artificially” raised oil prices and warning that such efforts would “not be accepted!” The president has frequently commented on financial markets, from […]